Summary
- Elon Musk sparked a social media debate after he and media mogul Rupert Murdoch were spotted together at the Super Bowl wearing Dogecoin-themed t-shirts.
- Musk has been pushing for different organizations to accept Dogecoin as a form of payment, with Twitter already working on a payment feature.
- The current price of Dogecoin is around $0.0832 and is likely to continue consolidating in the coming weeks.
Elon Musk Sparked Dogecoin Discussion at Super Bowl
At this year’s Super Bowl over the weekend, Elon Musk was spotted wearing a Dogecoin-themed t-shirt while sitting next to media mogul Rupert Murdoch, the owner of the Fox empire and this year’s broadcaster of the Super Bowl. This unexpected show of support by Musk caused some buzz in the crypto community and prompted Genevieve Roch-Decter, a former $100 million money manager, to question what conversation topics were discussed between these two billionaires. Musk then replied that Dogecoin was indeed one of those topics.
Dogecoin Price Analysis & Market Outlook
The current price of Dogecoin is around $0.0832 and it bounced back from $0.1 after January crypto relief rally. As the second largest proof-of-work (PoW) secured blockchain after Bitcoin, it enjoys a global user base of about 5,145,693 which makes it likely that bulls will take over its current price soon. The 50 and 200 MA have recently turned out to be supported despite Bitcoin’s death cross suggesting that if Dogecoin follows Baby Doge in price action then it could rally beyond $0.155 to fully invalidate 2022 bear market. Over $2.39 million has been liquidated from the Dogecoin market according to recent updates from Coinglass.
Musk Pushing For Organizations To Accept DOGE
Aside from sparking discussion at the Super Bowl with Murdoch, Elon Musk has been pushing for various organizations such as McDonald’s to accept DOGE as a form payment option – an effort made easier due to Twitter already working on a payment feature for its users making DOGE likely one of their top priorities along well other cryptocurrencies like Bitcoin and Ethereum as well .